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Feb 18, 2013
02/13
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phrases like fiscal cliff and debt ceiling behind us, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had their budgets cut by a larger than that. >> $85 billion in cuts could lead to furloughs. the pentagon fears this could have a drastic affect on military. many republicans say this is coming. >> we are here because the president refused to cut spending, and we have grown up with this. >> so there is still some uncertainty over the deadline, senator charles schumer appears confident the sequester will be avoided. >> there are those that do not need a favor of hardly anybody other than themselves and the few whose special interests are protected both sides are looking for a solution. it seems finding a solution ha
phrases like fiscal cliff and debt ceiling behind us, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had their...
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Jan 14, 2013
01/13
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FOXNEWSW
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we'll raise the debt ceiling. he is saying if you do anything, you are going to stick to default. i would channel him on that. >> the future of gun control from this administration ahead of recommendations out tomorrow by the vice president. that's next. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> i'm confident there are some steps we can take that don't require legislation. wi
we'll raise the debt ceiling. he is saying if you do anything, you are going to stick to default. i would channel him on that. >> the future of gun control from this administration ahead of recommendations out tomorrow by the vice president. that's next. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was...
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Jan 6, 2013
01/13
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KTVU
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what it does, it creates more uncertainty and we have a fight over the debt ceiling and spending cuts and entitlement reform and hopefully looming out there that we haven't seen much leadership on. all it did was show that the president is extremely adept at explote oniting weakness in the republican party. you lock at the debt ceil defaulting on our loans it is peering over the edge of the grand canyon and bed with the fiscal cliff deal. how much is at risk if they don't get it done. senator cruz said there was no danger of default on the debt. we hit the debt ceiling, we can't borrow anymore. tax receipts continue to flow . they cover 60 percent of the federal spending. debt service is 6 or senpercent and there would be plenty of money to cover the debt service. what you will hear, john, in the weeks ahead we'll default on our obligation. that is not reference to the kind of default you would have if you didn't make payments. that means you can't pay for the federal spending and there would be major, major disruptions. but we need to be careful about the use of default. it is scare
what it does, it creates more uncertainty and we have a fight over the debt ceiling and spending cuts and entitlement reform and hopefully looming out there that we haven't seen much leadership on. all it did was show that the president is extremely adept at explote oniting weakness in the republican party. you lock at the debt ceil defaulting on our loans it is peering over the edge of the grand canyon and bed with the fiscal cliff deal. how much is at risk if they don't get it done. senator...
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Oct 20, 2013
10/13
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republicans wanted the confrontation over reopening government and increasing the debt ceiling. they thought increasing the debt ceiling was such an important piece of legislation that they might be able to barter and get something for it. this sets a that precedent, what happened this week, in which we will not see this kind of governing anymore? they may have learned that -- about the balance of power when you have the president of one party? >> that is a really big question. think we are ever going to persuade the tea party caucus , this really reckless group, that they should not try again to shut down the government or should down the debt ceiling. the question is like other leaders in the house. are they going to step up and try to forge bipartisan compromise? they just commissions and report saying since the 2010 elections nineost the country hundred thousand jobs. these are self-inflicted wounds. we really hope they will get beyond that. that will depend on the leadership stepping up. one thing they could do is show that they are going to allow democracy to work in the h
republicans wanted the confrontation over reopening government and increasing the debt ceiling. they thought increasing the debt ceiling was such an important piece of legislation that they might be able to barter and get something for it. this sets a that precedent, what happened this week, in which we will not see this kind of governing anymore? they may have learned that -- about the balance of power when you have the president of one party? >> that is a really big question. think we...
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Sep 15, 2013
09/13
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it was certainly occur to me in the debt ceiling negotiations that it would be a place to talk about the balance to get that dollars back. the house has addressed this in the short term. the defense appropriations bill puts many of those dollars back in, much of them into readiness accounts. i would push to say the dollars have to go back to those accounts. that only addresses it one year. the sequester automatically occurs in each subsequent year. i think we have to say here is the solution to the sequester through the military budget. -- for the military budget. >> you are looking for a four- year solution. >> i am looking for that in the debt ceiling negotiations. i would like to see at least a situation to address the automatic sequester cuts through the life of the cr. it looks like that might be about three months. i have been unfortunately displeased with what i have been hearing coming out. what you will have with the sequester levels is, you will have those automatic cuts that will be reflected in the cr if it does use the budget of 2012 automatic numbers. that is what i hav
it was certainly occur to me in the debt ceiling negotiations that it would be a place to talk about the balance to get that dollars back. the house has addressed this in the short term. the defense appropriations bill puts many of those dollars back in, much of them into readiness accounts. i would push to say the dollars have to go back to those accounts. that only addresses it one year. the sequester automatically occurs in each subsequent year. i think we have to say here is the solution to...
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Mar 17, 2013
03/13
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ceiling? does it all get wrapped in there and does it deal with sequestration? >> that would be the idea to finally resolve these issues at least for the next several years that would include finding spending cuts. the president also wants revenue to replace the sequestration a as well as extend the debt limit for a period of time at least as the president wants it so he doesn't have to deal with it again at least in the next couple of years and perhaps the rest of his term. >> all right. heidi, the hearing now debating a continuing resolution which funds the government keeps the government running. what is the difference between that and what russell was just talking about? >> since we have not had budgets we've been running on this stop gap system assembly line here of confrontations every six months between democrats around republicans over these so-called continuing resolutions which keep the government running. now, over the past two years we've seen this circus of arguments between the t
ceiling? does it all get wrapped in there and does it deal with sequestration? >> that would be the idea to finally resolve these issues at least for the next several years that would include finding spending cuts. the president also wants revenue to replace the sequestration a as well as extend the debt limit for a period of time at least as the president wants it so he doesn't have to deal with it again at least in the next couple of years and perhaps the rest of his term. >> all...
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Jan 6, 2013
01/13
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can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt ceiling is something that we should put behind us in a hurry. you know, it
can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going...
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Feb 25, 2013
02/13
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KNTV
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that could shut down the government and there's another debt ceiling. so that whole "groundhog day" thing has three more iterations just in the next few months. chris: katty, you're laughing but here we go again. a lot of these cuts will take government spending in some areas discretionary spending down to where it was as a percentage of the economy where it was in the 1950's. these are serious cuts. but look, president doesn't get hurt that much. 49% of the country blame republicans. and 31% blame obama. he gets relatively off on this thing. >> he gets relatively on it at the moment, in comparison with the republicans. barcia the republicans are the ones who have been talking about spending cuts and so they're going to be blamed if the manned tore spending cuts are implemented. if the economy really starts to decline, as howard said, if the markets turn on america which is definitely a possibility and markets are watching america's political body at the moment thinking my goodness, if they can't get their house in order now, then what are they going to
that could shut down the government and there's another debt ceiling. so that whole "groundhog day" thing has three more iterations just in the next few months. chris: katty, you're laughing but here we go again. a lot of these cuts will take government spending in some areas discretionary spending down to where it was as a percentage of the economy where it was in the 1950's. these are serious cuts. but look, president doesn't get hurt that much. 49% of the country blame republicans....
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Jan 7, 2013
01/13
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FOXNEWSW
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we have yet to cut one dime from the last debt ceiling agreement and now here it is time to do it again. we got to stop the madness. this is the 18-year-old kid on the credit card and they maxed out the credit card. instead of cutting it up and putting them on a budget barack obama says give us a new credit card and by the way, harry reid you don't have to pass a budget in three years. this is crazy. >> would you support this year letting the debt ceiling deadline last? >> what i won't support is not dealing with the problem. americans sent us here to deal with the problem. the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counties in the country are in the d.c. area. mr. van hollen represents one of those. this area regular americans lose and it is about time we said stop this madness
we have yet to cut one dime from the last debt ceiling agreement and now here it is time to do it again. we got to stop the madness. this is the 18-year-old kid on the credit card and they maxed out the credit card. instead of cutting it up and putting them on a budget barack obama says give us a new credit card and by the way, harry reid you don't have to pass a budget in three years. this is crazy. >> would you support this year letting the debt ceiling deadline last? >> what i...
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Jan 15, 2013
01/13
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FOXNEWSW
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ceiling recklessly as leverage for spending cuts. worry over the debt ceiling is only a part of the reason for the fitch warning. the agency said even if the ceiling is raised it would likely downbegrade anyway if there is no "credible medium term deficit reduction plan." you will recall that standard & poor's did downgrade the u.s. debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so
ceiling recklessly as leverage for spending cuts. worry over the debt ceiling is only a part of the reason for the fitch warning. the agency said even if the ceiling is raised it would likely downbegrade anyway if there is no "credible medium term deficit reduction plan." you will recall that standard & poor's did downgrade the u.s. debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending...
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Dec 22, 2013
12/13
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WUSA
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ceiling without deeper cuts in government and medical entitlement programs cherished by democrat. ryan did the right thing by brokering the deal but blasted by the party to not do more by cutting the $17 trillion debt of the nation. mcconnell is in a particularly truck re-election race. the budget deal only found $85 billion in cuts and revenue increases over the next 10 years, including unpopular moves like pairing cost of living increases for working age military retirees by 1%, to raise $6 billion. it is also an election year. and the republicans will fight higher taxes and fees just as democrats fight medicare and entitlement cuts. that's especially the case because some democrats fear republicans are pushing them to cut entitlements as a weapon the g.o.p. can use to beat democrats in november. so anyone who thinks defense spending will escape future cuts should think again. defense will remain a target. and the current deal may prove to be temporary relief at best. thanks for joining us for this week in defense news. i'm vago muradian. you can watch this program online at def
ceiling without deeper cuts in government and medical entitlement programs cherished by democrat. ryan did the right thing by brokering the deal but blasted by the party to not do more by cutting the $17 trillion debt of the nation. mcconnell is in a particularly truck re-election race. the budget deal only found $85 billion in cuts and revenue increases over the next 10 years, including unpopular moves like pairing cost of living increases for working age military retirees by 1%, to raise $6...
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Mar 22, 2013
03/13
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if you increase the debt ceiling, you have to cut spending by an incredible amount over 10 years. they were going to make the false. -- to make as default for the congress voted for will $0.20 trillion specified in -- todeficias a percent of the eco. if you el ten del dollars on a credit card, as that a lot or a little? -- if you owe $10,000 on your credit card, is that a little or a lot? to look and how burdensome the debt is, you have to take a percentage is. we have reduced the debt as a from 10.1% togdp 5.3%. we have cut it in half. the fastest reduction in the deficit since the demobilization after world war ii. vote against the sequester. at the three have done what we need to do on the debt right now. -- i think we have done what we need to do to the debt right now. our crisis is jobs and we still have 8% of unemployment rate. delaware million people are seeking work. millions of people are seeking work. 5%we got down to unemployment rate by doing nothing else other than generating jobs, that would generate enough economic activities of the deficit would go down. host: we a
if you increase the debt ceiling, you have to cut spending by an incredible amount over 10 years. they were going to make the false. -- to make as default for the congress voted for will $0.20 trillion specified in -- todeficias a percent of the eco. if you el ten del dollars on a credit card, as that a lot or a little? -- if you owe $10,000 on your credit card, is that a little or a lot? to look and how burdensome the debt is, you have to take a percentage is. we have reduced the debt as a...
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Jan 5, 2013
01/13
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MSNBCW
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ceiling debate to try to cut spending. so it looks like we are gearing up for another big battle, craig. this vacation will not last very long. >> kristen welker with a whole lot of day left in hawaii. i expect you have plans as well. good luck, kristen. >> thanks, craig. >> out with the old and in with the new. we're not just talking about out with the old and in with the new. we're not just talking about the fights on the horizon that will include a few familiar faces and washington post ed o'keefe, good afternoon to you, gentlemen. >> gentlemen. >> ed, the end of 2012, all about the fiscal cliff. right now we're talking about the debt ceiling discussion ahead. how tough of a fight is president obama going to be coming home will to? >> oh, a very tough one because republicans now determined more than ever to get spending cuts as part of the fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a l
ceiling debate to try to cut spending. so it looks like we are gearing up for another big battle, craig. this vacation will not last very long. >> kristen welker with a whole lot of day left in hawaii. i expect you have plans as well. good luck, kristen. >> thanks, craig. >> out with the old and in with the new. we're not just talking about out with the old and in with the new. we're not just talking about the fights on the horizon that will include a few familiar faces and...
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Mar 3, 2013
03/13
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CNNW
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the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in congress? the sequester. at first, there's relief in washington. >> you may have noticed that the cloud of uncertainty has been lifted. >> but the good cheer does not last long. september 2011, the super committee begins work. >> i approach our task with a profound sense of urgency, high hopes and realistic expectations. >> the weeks drag on, bargaining is intense and in late november the supercommittee wraps up work without a deal. >> we have to keep finding a fair and balanced solution. there's the chat eng that divided us. >> a disappoint
the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in...
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Sep 27, 2013
09/13
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FOXNEWSW
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that's ridiculous. >> president obama said he won't negotiate on cuts for the debt ceiling. speaker boehner said he wants the structural changes, some changes. what happens with the debt court of appeal ing? the 17th of -- >> i don't have a crystal ball but it's ironic that the president won't discuss anything to do with the debt or any sort of linking the debt limit to another conversation. the debt limit is a warning. what he 's saying is if we don't give him the authority to borrow more money we can't fund the government. this government cannot operate without boar uh rowing money. that alone is an indictment of the situation. the president says i won't change that trajectory. it's a ridiculous position. >> do you think it is his philosophy and passion, ideology or do you think they are political ambitions. >> the base of the party doesn't believe debt is a problem. they are wedded to the idea of government spending more than a debt crisis. they believe big government solves problems and economic growth and prosperity is the result of big government. they believe our econ
that's ridiculous. >> president obama said he won't negotiate on cuts for the debt ceiling. speaker boehner said he wants the structural changes, some changes. what happens with the debt court of appeal ing? the 17th of -- >> i don't have a crystal ball but it's ironic that the president won't discuss anything to do with the debt or any sort of linking the debt limit to another conversation. the debt limit is a warning. what he 's saying is if we don't give him the authority to...
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Oct 9, 2013
10/13
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FOXNEWSW
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without any spending cuts. >> we can't raise the debt ceiling without doing something about what is driving us to borrow more money and live beyond our means. the idea that seshd raise spending and give the bill to our kids and grand kids would be wrong. >> both the president and house speaker boehner are facing two political stations. they are taking a beating over the shut down but what the president is planning on doing raising the national debt to well over $18 trillion. >> doug luzader reporting live for us. eight are arrested at an immigration rally at the capitol. they were booked for blocking main street. filmmaker was on kelly files. >> what i saw today was not only sad but despicable. you are saying you are rolling back to last week. i have been here all week. i am telling you it has only gotten worse. today i watched thousands of illegal immigrants walk right through the mall nobody stopping them -- i am wrong. there was one gate with a sign that said don't come in. when you went to the memorial the gates are still up. they are still not getting in. the only way you can g
without any spending cuts. >> we can't raise the debt ceiling without doing something about what is driving us to borrow more money and live beyond our means. the idea that seshd raise spending and give the bill to our kids and grand kids would be wrong. >> both the president and house speaker boehner are facing two political stations. they are taking a beating over the shut down but what the president is planning on doing raising the national debt to well over $18 trillion....
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Sep 18, 2013
09/13
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ALJAZAM
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the debt ceiling. the cuts that the gop has in mind, mike. >> well, tony, people don't want to hear it, but this could be the one time where compromise isn't in sight and we could have the first government shut down. the october 1st deadline happens every year x the fiscal year ends on october 1st. and if the congress hasn't passed funding bills, the government will shut down. the problem that john boehner faces, he would assume keep the government open and negotiate later. but the conservative caucus said that it has to be defunding of obamacare. the president's signature healthcare goes into effect on october 1st. and the speaker today in congress came ut and it quickly became parent that he's going to go along with those conservatives. >> there should be no conversation about shutting the government down. that's not the goal here. our goal here is to cut spend something to protect the american people from obamacare. it's as simple as that. we have no interest in shutting the government down. >> and
the debt ceiling. the cuts that the gop has in mind, mike. >> well, tony, people don't want to hear it, but this could be the one time where compromise isn't in sight and we could have the first government shut down. the october 1st deadline happens every year x the fiscal year ends on october 1st. and if the congress hasn't passed funding bills, the government will shut down. the problem that john boehner faces, he would assume keep the government open and negotiate later. but the...
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Oct 20, 2013
10/13
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republicans wanted the confrontation over reopening government and increasing the debt ceiling. they thought increasing the debt ceiling was such an important piece of legislation that they might be able to barter and get something for it. they ended up not getting anything. do you think that this sets a precedent, what happened this week, in which we will not see this kind of governing anymore? -- governing by crisis anymore? they may have learned about the balance of power when you have a president of one party and the senate controlled by the same party? >> that is a really big question. i do not think we are ever going to persuade the tea party caucus, this really reckless group, that they should not try again to shut down the government or threaten the debt ceiling. i don't think you are going to convince them. the question is like other -- are you going to convince speaker boehner and other leaders in the house. are they going to step up and try to forge bipartisan compromise? $24 billion lost to the economy. the peterson commission just issued a report saying since the 20
republicans wanted the confrontation over reopening government and increasing the debt ceiling. they thought increasing the debt ceiling was such an important piece of legislation that they might be able to barter and get something for it. they ended up not getting anything. do you think that this sets a precedent, what happened this week, in which we will not see this kind of governing anymore? -- governing by crisis anymore? they may have learned about the balance of power when you have a...
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Feb 20, 2013
02/13
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FBC
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eye 88
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in the four plus years of the obama presidency, entitlement has been cut never. the national liberal media enabled thenable the president o successfully blame congress for the fiscal cliff iasse, the debt ceiling battles in the various continuing resolutions that have kept the government running despite no budget. this time not even a compliant and complicit media can bail him out. the sequester unquestionably his idea and he publicly broken his own promise. there would be no sequester, at least to this point. the president told america during a presidential debate governor mitt romney on october 22 last year the sequester "will not happen." we will see. a new report says military is behind an overwhelming number cyber attacks against american targets. that report traces of those attacks to a single building in shanghai, headquarters of a unit of the liberation army. hackers have stolen massive amounts of valuable information of all kinds from at least 115 american corporations over the course of the past seven years. companies involved in everhing from finance e
in the four plus years of the obama presidency, entitlement has been cut never. the national liberal media enabled thenable the president o successfully blame congress for the fiscal cliff iasse, the debt ceiling battles in the various continuing resolutions that have kept the government running despite no budget. this time not even a compliant and complicit media can bail him out. the sequester unquestionably his idea and he publicly broken his own promise. there would be no sequester, at...
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Mar 1, 2013
03/13
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CNNW
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when you looked at the debt ceiling crisis, the default position was, oh, my god, the full faith and credit of the united states is on the line so they did something about it. fiscal crisis, january 1, they did something about the fiscal cliff because everybody's taxes were going to go up. the crisis on that continuing resolution at the end of march is that the government would shut down, republicans have had bad experiences with that in the past politically when the government shut down, when newt gingrich was speaker of the house, they don't want to go through that again. nobody wants the government to shut down. this particular crisis we're in right now, republicans and some democrats are making a bet that it's not the end of the world urks they wi, they'll find a way to deal with this in the short term and long term try to fix the next fiscal crisis coming up and i have a sense that there's something that can be done on that looming crisis at the end of the month so they can put it all together and come up with some kind of a deal. but maybe i'm just being kind of optimistic here
when you looked at the debt ceiling crisis, the default position was, oh, my god, the full faith and credit of the united states is on the line so they did something about it. fiscal crisis, january 1, they did something about the fiscal cliff because everybody's taxes were going to go up. the crisis on that continuing resolution at the end of march is that the government would shut down, republicans have had bad experiences with that in the past politically when the government shut down, when...
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Jan 31, 2013
01/13
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we're prepared to have these cuts. republicans want the win, and democrats don't necessarily want to fight all over again on this and maybe threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution and budget numbers? >> yeah. well, i mean, the first thing that comes up time-wise, is on march 1st we have to deal with the sequester because the republicans reordered the way that these things are going to fall on the calendar. the sequester is those automatic spending cuts. billions -- tens of billions of dollars just this year in spending cuts. the republicans would like to have some kind of spending cut win this year, and that might be their only opportunity to get one, so you can see them hunkering in and saying, you know, we're going
we're prepared to have these cuts. republicans want the win, and democrats don't necessarily want to fight all over again on this and maybe threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution...
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Jan 8, 2013
01/13
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ceiling, automaticking spending cut and the deficit. live coverage gets started at 12:00 eastern. >>> now immigration enforcement in the u.s. a recent report found that u.s. spends more on immigration enforcement that all other law enforcement agencies combined. the policy substitute hosted the ninety-minute event. >> good morning, everyone. and happy new year. both to those who have been joining us today. but also to though who are at home viewing this event. i'm the president of the migration policy institute within i would like to welcome you to the discussion of the institute's latest report. when is a tight of "immigration enforcement in the united "the rise of -- and as you will see, the presentation and as we will conclude after the event is over, indeed it is a formable ma machinery that has been created in the united over the past decade or decade and a half. the release of the report could not come at a more appropriate time. since the election, even before that, the president and leaders in the democratic party in the u.s. co
ceiling, automaticking spending cut and the deficit. live coverage gets started at 12:00 eastern. >>> now immigration enforcement in the u.s. a recent report found that u.s. spends more on immigration enforcement that all other law enforcement agencies combined. the policy substitute hosted the ninety-minute event. >> good morning, everyone. and happy new year. both to those who have been joining us today. but also to though who are at home viewing this event. i'm the president...
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Jan 6, 2013
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the president has warned congress several times not to tie the debt ceiling talks to spending cuts. is he persuading any republicans? >> doesn't look like it, shannon, because they are shaping up for another fight in a matter of weeks. technically the government ran out of money the end of the year. secretary treasure geithner said he can buy us a couple months with creative accounting moves. the president said even though he signed the legislation, its up to congress to find a way to pay for the bills it incurred. >> congress refuses to give the runs the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. the last time congress threatened this course of our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> the president said he signed a bill last year that cut $1.7 trillion from the deficit. republicans say much of that was really paper cuts, amounting from reducing -- or winding down the war in afghanistan and ending the war in iraq. shannon. >> all right. wendell, what do
the president has warned congress several times not to tie the debt ceiling talks to spending cuts. is he persuading any republicans? >> doesn't look like it, shannon, because they are shaping up for another fight in a matter of weeks. technically the government ran out of money the end of the year. secretary treasure geithner said he can buy us a couple months with creative accounting moves. the president said even though he signed the legislation, its up to congress to find a way to pay...
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Aug 18, 2013
08/13
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but we can have arguments about little areas to cut and debt ceilings and sequester. at the end of the day it comes to entitlement. if you want to balance the economy for the next generation, look at that. >> david: i know you are not terribly concerned about the deficit in general. you don't like big government spending but the deficit doesn't scare you. but the taxpayers pay for the interesten the deficit. >> rather than pay interest on the government discovering new programs. being back to rick's point, would you prefer genentech and pfizer or merck discover cure for cancer or the government? >> go ahead, rick. >> what i prefer is whatever gets the job done. ask genentech -- let me finish. you asked me the question. ask genentech how much of what they accomplished has been with the assistance of the government funds. >> david: emac. >> in social economies you don't see the major american brands like we have there, the soft economic power. you don't see it in china or socialist countries. there is a reason for that, because of the private sectotor. >> david: that is
but we can have arguments about little areas to cut and debt ceilings and sequester. at the end of the day it comes to entitlement. if you want to balance the economy for the next generation, look at that. >> david: i know you are not terribly concerned about the deficit in general. you don't like big government spending but the deficit doesn't scare you. but the taxpayers pay for the interesten the deficit. >> rather than pay interest on the government discovering new programs....
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Jan 15, 2013
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>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman acknowledges the need to raise the debt ceiling, but he supports the context of getting a handle on the spenning. >> shepard: this is disaster relief for victims of super storm sand gee right. we have had plenty of lawmakers saying we need to get a handle on government spending, but not when people are waiting for major disaster relief money. a key new jersey democrat is saying people from new york, new jersey and connecticut pay their fair share. three state, 16% of the taxes. you ask the question: who suffered because of super storm sandy? certai
>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the...
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Jan 7, 2013
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economic counted down clock is ticking down on the next potential crisis over the debt ceiling and sequester cuts. today an interview that raised eyebrows all over the city especially among republicans. correspondent shannon bream reports on the inside look on president's spending. >> with the last fiscal deal they are gearing up. as one of the key players talk about what happened the last time around. in an interview, house speaker says, quote at one point several weeks ago the president said to me, we don't have a spending problem. boehner says he was stunned and repeatedly push the issue with the president. he says mr. obama grew irritated and said i am tired hearing you say that. there is no give to the president's advantage and he won't hold any more closed door meetings with the president because he called it futile. the president vowed there will be no debate whether to raise the nation's already exceeded debt ceiling. a key thing that republicans will give them much better positioning as the u.s. hovered dangerously close to the fiscal cliff. the two sides don't agree whether tax rev
economic counted down clock is ticking down on the next potential crisis over the debt ceiling and sequester cuts. today an interview that raised eyebrows all over the city especially among republicans. correspondent shannon bream reports on the inside look on president's spending. >> with the last fiscal deal they are gearing up. as one of the key players talk about what happened the last time around. in an interview, house speaker says, quote at one point several weeks ago the president...
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Aug 30, 2013
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. >> we're not raising the debt ceiling without real cuts in spending. it is as simple as that. >> reporter: the national debt clock has done something peculiar when it comes to total public debt, according to the administration, it stopped ticking forward. it has been frozen at 16,699,396,000,000 since may 16th. they've been using a tool box of extraordinary measures to allow for continued borrowing, moving money around, paying selected bills, ringing them up, leaving other items in the nation's grocery cart to be paid when the debt ceiling is raised. if the debt ceiling is not raised, treasury officials would be forced to choose which bills to pay and which to leave in the met for cal cart unpaid. the national debt continues to grow. congressional budget office predicts outstanding public debt at the end of 2013 fiscal year to be nearly $17 trillion. as it stands now, if we were to give every american a chunk of the debt, that would be about $53,000 per person. and if current law remains the same, the debt just keeps adding up. just three years from no
. >> we're not raising the debt ceiling without real cuts in spending. it is as simple as that. >> reporter: the national debt clock has done something peculiar when it comes to total public debt, according to the administration, it stopped ticking forward. it has been frozen at 16,699,396,000,000 since may 16th. they've been using a tool box of extraordinary measures to allow for continued borrowing, moving money around, paying selected bills, ringing them up, leaving other items...
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Oct 10, 2013
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some say to have any sort of extension to the debt ceiling even six weeks if you don't get spending cut or changes to the health care law. others in the house republican conference told us i can accept giving the president the extension of the get ceiling, but if he wants to reopen the government, you've got to have other conditions. other republicans want to see the government reopened and see the debt ceiling ex tebded because they want to get past this fight and move on. there are different democratic camps also. joe manchins senator from west virginia saying why is the presidenting not negotiating? he should not have conditions. get the government open, extend the debt ceiling as part of a broader negotiation to cut spending, half tax reform. there's different camps in both parties. bigger splits it seems on the republican side where there's confusion about what is the next step here. are they in a box? how are they going to get out? >> last thing, the market soared today, huge uptake in the dow because of a lot of people who thought the debt ceiling increase. as this is hanging, ev
some say to have any sort of extension to the debt ceiling even six weeks if you don't get spending cut or changes to the health care law. others in the house republican conference told us i can accept giving the president the extension of the get ceiling, but if he wants to reopen the government, you've got to have other conditions. other republicans want to see the government reopened and see the debt ceiling ex tebded because they want to get past this fight and move on. there are different...
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Sep 3, 2013
09/13
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. >> reporter: republicans hawks and budget cutters on a collision course as they face debt ceiling negotiations, budget cuts and a month to defund obama care, while being asked to authorize another expensive military operation abroad. >> if we attack, we're open for escalation, and the first briefing i have on this a couple months ago i asked if we get into this, are you going to be serious, how far are we going to go. remember, we're still at war in afghanistan and we have cut about a trillion dollars out of our defense over the next ten years. we're asking them to do more with less. >> reporter: the republicans on the armed services committee suggest escalating costs could require going back to congress for more money. senator james inhofe quoted general dempsey from sequestration hearings earlier this year, he said our military is put on a path where the force is so degraded and unready it would be immoral to use the force. >> reporter: former defense secretary leon panetta wrote the wounds caused by sequestration are weakening the united states' ability to respond effectively to a major cri
. >> reporter: republicans hawks and budget cutters on a collision course as they face debt ceiling negotiations, budget cuts and a month to defund obama care, while being asked to authorize another expensive military operation abroad. >> if we attack, we're open for escalation, and the first briefing i have on this a couple months ago i asked if we get into this, are you going to be serious, how far are we going to go. remember, we're still at war in afghanistan and we have cut...
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Jan 1, 2013
01/13
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the debt ceiling deal -- these inskrim nat cuts are being displayed. they would happen many march if nothing is done. leadership is telling their rank-and-file, that's the ground we can fight on. that's when we're really going to get our way. >> many people are horrified at the prospect of another political battle surrounding the good faith and credit of the united states government. after all, they point out, it is the congress that passed these spending bills that the federal government is trying to pay for. congress is essentially saying, here, do this, but we're not going to give you the money to do it. that is going to be a fascinating game. people are pretty much tired of dysfunction here in the beltway, but on it goes. at any rate -- >> let me ask you about the white house side of this. i'm assuming that, you know, looking forward to the triple play, the white house thinks they have a couple of good things going for them, and both of them are speeches. one is the state of the union, and the other one even before that is the inaugural. >> yeah, a
the debt ceiling deal -- these inskrim nat cuts are being displayed. they would happen many march if nothing is done. leadership is telling their rank-and-file, that's the ground we can fight on. that's when we're really going to get our way. >> many people are horrified at the prospect of another political battle surrounding the good faith and credit of the united states government. after all, they point out, it is the congress that passed these spending bills that the federal government...
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Aug 28, 2013
08/13
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if house members and senators vote in favor of increasing the debt ceiling, even if they cut spending at the same time, can you live with that? or is that a no-no? >> i would have to see what they're talking about, but we have consistently said the spending needs to stop. we don't need to keep borrowing and borrowing. at some point we're going to have to pay the price for all of the debt we are incurring. if they actually made real spending cuts, we've always said that we're in favor of a 1% spending cut across the board each year for five years. at that point you're headed or are at a balanced budget. we're not asking about one penny out of every dollar they spent to be cut. >>> you have four prominent senators being primaried by tea party people. lindsey graham, mitch mcconnell, la mark alexander and mike enzi. i don't know about wyoming, but we'll be that. what's the beef against mcconnell? >> look at right now what's happening with the continuing resolution and obama care. he has promised he would fight to repeal this law. there's the opportunity for him to fight to make the case
if house members and senators vote in favor of increasing the debt ceiling, even if they cut spending at the same time, can you live with that? or is that a no-no? >> i would have to see what they're talking about, but we have consistently said the spending needs to stop. we don't need to keep borrowing and borrowing. at some point we're going to have to pay the price for all of the debt we are incurring. if they actually made real spending cuts, we've always said that we're in favor of a...
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Jan 5, 2013
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he's defending increased tax revenue and spending cuts. to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to acknowledge what every family knows. when you have no more money in the account and credit cards are maxed stop. that made employers less likely to hire. we can't afford that uncertain ty even with the threat of a default. it could trigger a global recession . >> tomorrow on fox news sunday. john roberts with chris wallace . his guest republican jim jordan from ohio and democratic chris van hollen. check your time for times. >> fox news confirms that and it is chuck haggerty. and james rosen has this report. >> jamie, good evening. two democratic sources confirm to ed henry late yesterday that pre
he's defending increased tax revenue and spending cuts. to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to...
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Oct 17, 2013
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ceiling fight that hurt the economy but brought spending cuts to help lower that deficit. >> thank you. up next new information in the investigation of the benghazi terror attack and military preparedness that night. first here's what some of our fox affiliates across the country are covering tonight. wofl in orlando updates the search for two convicted killers mistakenly released from the same florida prison. kdvr in bench fighting evidence on insanity of james holmes. live look at los angeles from our affiliate there, kttv, big story there tonight the suspect in the lax dry ice bombs set to be arraigned later this afternoon. 28-year-old baggage lander decarlo bennett is accused of planting those devices. that's tonight's live look outside of the beltway from special report. we'll be right back. >>> in the 13 months since terrorists killed four americans in benghazi, a house armed services subcommittee has quietly held nine hearings on the subject. seven of them classified including a closed door session just last week. with joint chiefs chairman general martin dempsey. james rosen re
ceiling fight that hurt the economy but brought spending cuts to help lower that deficit. >> thank you. up next new information in the investigation of the benghazi terror attack and military preparedness that night. first here's what some of our fox affiliates across the country are covering tonight. wofl in orlando updates the search for two convicted killers mistakenly released from the same florida prison. kdvr in bench fighting evidence on insanity of james holmes. live look at los...
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Jan 28, 2013
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that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the nation's largest defense contractors general dynamics based in false church virginia reported $2 billion in losses. blaming the upcoming defense cuts. the aerospace industry association estimates that $450,000 jobs will be lost in virginia, maryland and washington, d.c. if dequest ration cuts take place in march, which could be devastating to the local economy. >> we are talking about somethi
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism...
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Oct 9, 2013
10/13
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ceiling. republicans say they won't do that unless the president cuts the budget first. nancy cordes is watching all of this on capitol hill for us tonight. nancy, there were meetings today. tell us what happened. >> reporter: well, scott, house leaders from both parties sat down today for about 40 minutes. the contents of that discussion were very closely guarded but it is a good sign, i suppose, because it's the first time that they've met since the shutdown started. the president is also getting more involved. he met with house democrats at the white house this afternoon and he's going to meet at the white house with the top 18 house republicans tomorrow. >> pelley: is there any hope of progress any time soon? >> no overt signs of progress, i'm afraid, scott. behind the scenes there are some members-- mostly republican-- who are floating a variety of ideas about raising the debt ceiling either for a short period of time or a long period of time in exchange for some debt reduction. but publi
ceiling. republicans say they won't do that unless the president cuts the budget first. nancy cordes is watching all of this on capitol hill for us tonight. nancy, there were meetings today. tell us what happened. >> reporter: well, scott, house leaders from both parties sat down today for about 40 minutes. the contents of that discussion were very closely guarded but it is a good sign, i suppose, because it's the first time that they've met since the shutdown started. the president is...
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Jan 7, 2013
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should be a different issue. >> if you raise the debt ceiling by a dollar, cut spending by a dollar. that is the way to go forward and we need a budget. our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my bills unless you stop being stuff? well, then stop buying stuff so you don't have future bills but right now we have to pay the bills that have been incurred. >> shepard: the president said on saturday that he will not compromise over raising the debt ceiling. won't even put that on the table. shannon bream with the news live in washington this afternoon. how you is this strategy work out for republicans, shannon? >> shannon: the president says if they refuse everyone from business owners to average americans will suffer but republicans are calling his bluff saying the debt ceiling gives them leverage that will force democrats to get serious about spending cuts and entitlement reform. here is house republican jim jordan. >> let's do it for a change instead of sayi
should be a different issue. >> if you raise the debt ceiling by a dollar, cut spending by a dollar. that is the way to go forward and we need a budget. our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my bills unless you stop being stuff? well, then stop buying stuff so you don't have future bills but right now we have to pay the bills that have been incurred....
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Jan 14, 2013
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ceiling, to negotiate on increasing spending cuts and should just increase this debt ceiling to not risk any problems with the u.s. economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address reporters. jon: all right. here now, president obama for the final news conference of his first term. >> please have a seat, everybody. good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it's been a busy and productive four years and i expect the same for the next four years. i intend to carry out the agenda that i campaigned on, an agenda for new jobs, new opportunity, and new security for the middle class. now right now our economy is growing, and our businesses are creating new jobs. so we are poised for a good year, if we make smart decis
ceiling, to negotiate on increasing spending cuts and should just increase this debt ceiling to not risk any problems with the u.s. economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address...
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Sep 29, 2013
09/13
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some say than the debt ceiling fight. it's going to be a very testy couple months. >> and if we don't get through those three, wait because you will see sequester version two in january. if they can't free on a budget deal that eliminates sequester, they have a continuing resolution, what we will get is another sequester. so it is groundhog day all over again. but it's on steroids. >> let me ask you, what is the government doing to prepare for a possible shut down? >> well, the typical things. omb put out a memo to all the federal agencies saying here's the bills you can pay. here's the people you can keep on, can't keep on. and there's accepted personnel. and the pentagon is full of accepted because they are in the national security business. the military is going to stay on point and on station. a lot of the civil servants will be furloughed as long as the government is shut down. no drawing checks. the you're a contractor and you have got a contract and the money is coming in, you keep working, doesn't affect the contr
some say than the debt ceiling fight. it's going to be a very testy couple months. >> and if we don't get through those three, wait because you will see sequester version two in january. if they can't free on a budget deal that eliminates sequester, they have a continuing resolution, what we will get is another sequester. so it is groundhog day all over again. but it's on steroids. >> let me ask you, what is the government doing to prepare for a possible shut down? >> well,...